Cybergold Shopping Hits 100 Plus Merchants in Less Than Three Months.Business Editors/High-Tech Writers OAKLAND, Calif.--(BUSINESS WIRE)--Feb. 10, 2000 Cybergold, Inc. (Nasdaq:CGLD), the Internet incentives pioneer that rewards consumers with cash, today announced that it now has more than 100 merchants participating in its cash-back shopping portal: Cybergold Shopping. This milestone means that in less than three months after its debut, the number of merchants at Cybergold Shopping has doubled. Consumers normally earn from one to 15 percent cash back on all purchases made at Cybergold Shopping. However, in recognition of the 100-plus milestone, consumers will receive double cash back in their Cybergold accounts during February when they make a purchase. &uot;The rapid growth of our shopping portal shows us that merchants believe in the cash-back model as a way to attract more consumers to their site,&uot; said Nat Goldhaber A. Nathaniel ("Nat") Goldhaber - An Internet entrepreneur and longtime associate of the Maharishi Mahesh Yogi, was the Natural Law Party nominee for Vice President in 2000 on the ticket headed by John Hagelin. , chief executive officer and president of Cybergold, Inc. &uot;Every time one of our more than four million members makes a purchase at Cybergold Shopping, we are putting money back into their pockets. That kind of reward builds customer loyalty, and our expansion proves that it works.&uot; Starbucks, Hershey's and Warner Brothers Warner Brothers (b. Eichelbaums) movie executives; Harry (Morris) (1881–1958), born in Krasnashiltz, Poland; Albert (1884–1967), born in Baltimore, Md.; Samuel (1887–1927), born in Baltimore, Md. join Cybergold Shopping Hershey's, Petopia, Warner Brothers, Starbucks and CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Pharmacy are among those recently joining Cybergold Shopping. When consumers make purchases at one of these sites through Cybergold, they receive a percentage of the purchase back into their Cybergold account. The earned cash can be spent online at more than 50 merchants that accept Cybergold's payments, downloaded into a checking account or VISA card or donated do·nate v. do·nat·ed, do·nat·ing, do·nates v.tr. To present as a gift to a fund or cause; contribute. v.intr. To make a contribution to a fund or cause. to one of seven non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. listed on the Cybergold site. Note to Editors: For a list of all merchants participating in the Cybergold Shopping site, go to www.cybergold.com/shop. About Cybergold Cybergold, Inc. (Nasdaq:CGLD) pioneered Internet incentives by rewarding consumers with cash for responding to Web-based advertisements and programs. With more than four million members, Cybergold provides its clients with one of the most efficient means of reaching consumers on the Internet. Cybergold members are provided with a wide selection of programs to receive the best value for their attention and activities. Members are free to spend their cash on or off-line by transferring it to a VISA card or a bank checking account. Cybergold's partners include Visa USA, MBNA MBNA Monument Builders of North America MBNA Mercedes-Benz North America MBNA Maryland Bank, National Association MBNA Maryland Bank North America MBNA Mount Baker Nurses Association (Bellingham, Washington) , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , EarthLink, E*TRADE and Autobytel. Cybergold is headquartered in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. . For more information, visit www.cybergold.com Statements in this press release regarding Cybergold, Inc.'s business which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. Forward-looking statements include statements regarding future revenue and market growth. All forward-looking statements included in this document are based upon information available to the Company as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see &uot;Risk Factors&uot; in the Company's registration statement on Form S-1, as amended. |
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